It's quick and easy to get your next vehicle!
Aurora Ford Yellowknife has flexible financing options available to suit your budget and needs. Our team of Finance Managers works with the top lenders to ensure we’re getting you the best financing and leasing options available. We’re experienced with all credit situations and are here to help get you behind the wheel of your next vehicle!
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Financing a Ford is easier than ever!
We work for you
We’re proud to offer additional solutions through Ford Credit for our valued customers. Our goal is to take the stress out of purchasing your next Ford and leave you feeling confident about your purchase. To start your car-buying journey, fill out our credit pre-approval form or reach out to our team at 1-867-920-9200.
Get pre-approved online
You can easily and quickly get the best option for your situation from our online calculator.
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Your credit score has an impact on your interest rate, so do a quick and free check of your credit rating with no impact on your score! We offer financing options for all credit situations.
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We’ve partnered with Equifax to empower you to find out your credit score and assist with your vehicle financing needs.
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Financing and leasing from Aurora Ford Yellowknife
We have some of the best financing and leasing options in the region because we work with Canada's big banks and lenders. In addition, our own finance company, Yes Plan, is available to get you approved if the banks say no. So there are plenty of options if you are a first-time buyer or have a bad credit rating.
Buying
We will explore financing options from our own dealership as well as Ford Credit to get you into your next vehicle. Some of the benefits of buying include:
Even monthly payments based on your rate and term
No kilometer limitations to worry about
Freedom to customize your vehicle
You own your vehicle and are building equity over time.
Leasing a Ford
We have our own leasing options and can also explore the Red Carpet Lease program with Ford Credit. Leasing is a great option if you have predictable kilometer usage and are looking for a low initial cost. There are various term lengths available and three different kilometer options ranging between 16,000 to 25,000 km per year.
Benefits
Three lease-end options to choose from
Low initial cost and monthly payments compared to financing
Multiple term lengths available
Three different kilometer options are available for your driving habits.
Lease-end options
Not sure of what to do with your vehicle at the end of its lease? Don’t worry, you have three options to consider and our team at Aurora Ford Yellowknife can walk you through each one to determine which will suit your needs best!
Purchase or lease a new Ford
Purchase your current leased vehicle with financing available
Return your lease vehicle to Aurora Ford Yellowknife, or any authorized Ford dealer
With all Ford leases, normal vehicle wear and tear is included. Additional charges will apply if there is excessive wear and tear based on Ford’s guidelines. With Ford’s WearCare coverage, if purchased with your lease, excess charges are waived up to $5,000.
Before the end of your lease, take a look at the wear and tear guidelines, linked below. On that page, you can find the link to Ford's wear and tear checklist.
Financing & leasing: how do they affect insurance?
Lots of drivers ask: “If I lease a car is insurance more expensive?” No, definitely not. Let's look at how insurance rates are calculated.
How is car insurance calculated?
Insurance rates are based on where you live, what you drive, and how you drive. The cost of your premiums aren’t calculated on how you pay for your car. You pay the same for insurance, whether you buy or lease. Just be sure to let your insurance company know you’re leasing.
Financial interest in the vehicle
Financing or leasing both mean that someone is holding the interest on that vehicle: a bank, a dealership, etc. The name of the leasing company or the financier must be on your insurance policy. This process is in place so that a lender’s investment is protected.
What happens if I have an accident?
When a car is in an accident or written off, the finance or leasing company are paid first. After that, you will receive a payment if your car is worth more than what you owe. If you owe more than the vehicle is worth, gap insurance comes into play to cover those costs. Contact your insurance company for details.
More information?
Your vehicle insurance agent is the best person to explain what your policy covers, along with the fine print. If you change vehicles or decide to lease instead of financing, contact your insurance company as soon as possible.
Ford Commercial options
Aurora Ford Yellowknife has the inventory along with flexible financing and leasing options for our commercial vehicle customers.
Commercial Purchase
We understand that business requirements and needs change, which is why we’re proud to offer numerous solutions to suit your business. Through Ford Credit, we’re able to offer traditional financing on commercial vehicles, with a variety of terms available and no hidden fees.
Eligible vehicles: new/used, cars through heavy duty trucks, upfit vehicles
Ineligible vehicles: emergency, fire, ambulance, and rental units
Terms: 24 – 72 months
Red Carpet leasing from Ford
Depending on your business model and driving needs, you can choose this closed-end lease option with no residual risk. This is a perfect solution if you have predictable vehicle usage and want lease-end options.
Eligible vehicles: new
Ineligible vehicles: upfit vehicles, high kilometer, and heavy-use vehicles, vehicles uses for livery (for-hire) operations, emergency, fire, ambulance, and rental units.
Terms: 24 – 48 months.
Commercial Lease
If you know your business needs a customized solution, you can choose this open-ended lease program. With CommerciaLease there are additional term lengths available with varying set residuals and lease-end options.
Eligible vehicles: new/used, cars through heavy-duty trucks, upfit vehicles, high kilometer, and heavy use vehicles
Ineligible vehicles: vehicles uses for livery (for-hire) operations, emergency, fire, ambulance, and rental units
Terms: 24 – 72 months.
Commercial Line of Credit
Having access to cash flow to reinvest in your business is crucial which is why Ford Credit offers a commercial line of credit (CLOC). Why use your own bank lines to grow your fleet when you can apply for a Ford Credit CLOC starting at $250,000? That way, you can put cash towards adding vehicles to your lineup for up to 12 months.
To learn more about applying for a CLOC, reach out to our team to get started.
Other benefits
Combined monthly billing is available for all commercial retail & Red Carpet Lease customers
Additional warranty and vehicle protection add-ons are available, including GAP protection
Three lease-end options available.
Need more information?
- Contact us with any questions or further information and we'll be happy to help.
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FAQ from Aurora Ford Yellowknife
What should I bring to my finance appointment?
All buyers should bring a valid government-issued driver's license, current paystub, and a void cheque. Depending on the specifics of your purchase, you may be required to bring additional information. For a complete list of what you'll need call the dealership ahead of time and speak with a Sales Consultant.
Will I be approved?
Four main factors determine whether you get approved for a car loan: Vehicle selection--the cost, age, and mileage. Application information--employment history, residence, and income. Credit history--information contained in your credit file. Whether you make a down payment, and the total cash and trade equity. For the best chance of approval, and the lowest monthly payment possible, try to select a vehicle that fits your budget. Also, provide as large of a down payment as you can.
How are my car payments calculated?
Once you're approved for a car loan, three factors will affect your monthly payment (in order of importance): Amount financed Term or length of contract Annual Percentage Rate (APR) We offer competitive rates from a variety of finance companies to fit nearly every budget and credit profile. You can learn more about your personal finance options at any Go Auto dealership.
How do I budget for my car payments?
Almost all financial advisors say not to spend more than 15% of your gross monthly income on your car payment. For example, if you make $5,000 a month then pay no more than $750 on your car payment.
What is my credit score?
Your credit score is a number that helps financial institutions predict the risk associated with your purchase of a car, house, use of a credit card, or any other financial products, etc. A credit score ranges from about 350 to 850 and is used to forecast if you will pay your bills on time. In general, the higher your credit score, the more likely you are to get approved for a car loan. The systems that generate your credit score look at your credit report and take several factors into account when determining your credit score, including, for instance, your payment history, and the number of inquiries made on your credit report.
How is my credit score calculated?
Your credit score is a number that ranges from about 350 to 850. In general, the higher the number, the more likely you are to get approved for a car loan. The systems that generate your credit score look at your credit report and take several factors into account, including: the timeliness of your payments, including late payments the amount and type of debt you have the number and age of your credit accounts inquiries created by applying for credit public records such as liens and judgments.
Should I finance or lease?
Do you prefer to drive a new vehicle that will always be under warranty every few years? That's one advantage of leasing. Do you prefer to build up equity and drive one car for a long time? Then consider financing. å There are all sorts of factors to consider when choosing between financing and leasing. Luckily, we have a team of finance experts who are Happy to Help you find the best option for you. Call 416-333-3333 or any Go Auto dealership to schedule a free consultation. You can also learn more at our financing vs leasing page.
Can I qualify for financing on my first vehicle?
Of course. Many Aurora Ford Yellowknife customers qualify for financing on their first vehicle purchase. If a normal credit determination cannot be made based on your current credit history, you may still qualify for other programs, like those for recent college graduates. Stipulations for college students vary by finance company. Check with a finance professional at any of our Go Auto dealerships for more information.
Does Ford have their own financing?
Ford’s financing division is called Ford Credit. The finance team at Aurora Ford Yellowknife works with over a dozen lenders, in-house financing, and Ford Credit to ensure all of our valued customers are getting the best rates and terms available.
How long does it take to get approved for Ford Credit?
Applying for credit through Ford Credit or the Aurora Ford Yellowknife team is fast and secure to use. The process takes 10 - 15 minutes to get started and you can expect to receive a response in a matter of minutes or up to a few days.
To increase your chances of a speedy response, Ford Credit will look for the following:
That you are the age of majority in the province or territory where you live
That you have enough income to pay for the vehicle you’re applying for
That you do not have any current delinquent accounts, repossessions, foreclosures, or bankruptcies
Your approval for Ford Credit financing or leasing will be based on your eligibility and credit score.
How late can I be on my Ford payment?
Grace periods for late payments, along with any associated fees, will vary greatly from lender to lender. With Ford Credit, they offer a grace period between seven to 15 days for late payments.
To understand the grace period and any applicable fees with your lender, contact your Finance Manager at Aurora Ford Yellowknife.
Is it hard to get financed through Ford Credit?
Understanding your credit score is the first step towards getting financed through Ford Credit. In general, Ford Credit will look for a credit score between 650 to 850. If your credit score is below 650, or if you don’t have a credit history at all, don’t worry!
At Aurora Ford Yellowknife, our team is experienced with all credit situations and works with a number of lenders alongside Ford Credit to ensure we get you approved.
If you’re not sure what your current credit score is, you can start a pre-approval today with no risk or commitment required.
